ICON Public (NASDAQ:ICLR) Updates FY25 Earnings Guidance

ICON Public (NASDAQ:ICLR) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $13.00-15.00 for the period, compared to the consensus estimate of $14.86. The company issued revenue guidance of $8.05-8.65 billion, compared to the consensus revenue estimate of $8.50 billion. ICON Public also updated its FY24 guidance to $13.90-14.10 EPS.

Analysts Set New Price Targets

Several analysts recently issued reports on ICLR shares. JPMorgan Chase & Co. cut their price target on ICON Public from $375.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Barclays lowered their price target on shares of ICON Public from $330.00 to $275.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Leerink Partnrs upgraded ICON Public to a “strong-buy” rating in a research report on Wednesday, September 18th. StockNews.com lowered ICON Public from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, The Goldman Sachs Group decreased their price target on ICON Public from $370.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $287.00.

ICON Public Stock Down 0.1 %

NASDAQ:ICLR opened at $217.99 on Tuesday. ICON Public has a 52-week low of $183.38 and a 52-week high of $347.72. The stock has a 50-day simple moving average of $211.31 and a 200 day simple moving average of $270.81. The company has a market cap of $17.98 billion, a PE ratio of 24.30, a PEG ratio of 1.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.34 and a current ratio of 1.34.

ICON Public (NASDAQ:ICLR) last released its earnings results on Wednesday, October 23rd. The medical research company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.72 by ($0.37). The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.13 billion. ICON Public had a net margin of 9.00% and a return on equity of 11.91%. ICON Public’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.10 earnings per share. On average, sell-side analysts expect that ICON Public will post 13.42 EPS for the current fiscal year.

About ICON Public

ICON Public Limited Company, a clinical research organization, provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally. The company specializes in the strategic development, management, and analysis of programs that support various stages of the clinical development process from compound selection to Phase I-IV clinical studies.